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predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >>> here we are at the 11th hour and the president still isn't serious rabbit dealing with this issue right here. it's this issue. spending. >> how are you feeling about a deal? optimistic? >> still a work in progress. >> speaker ban boehner says he s waiting to hear more from you. >> merry christmas. >> bret: "merry christmas." the white house, president invited speaker boehner to the white house. they just wrapped up a meeting at the top of the show. we're just getting a read-out. apparently treasury secretary was in the meeting as well. this is the statement. the president and the speaker had a frank meeting -- love the word "frank" describing the meetings -- in the oval office tonight. it lasted 50 minutes. there will be no further read-out of the meting but lines of communication remain open. that is where we are. back with the panel. jonah, "lines of communication are open." what do we make of that? >> i'm beginning
predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >>> here we are at the 11th hour and the president still isn't serious rabbit dealing with this issue right here. it's this issue. spending. >> how are you feeling about a deal? optimistic? >> still a work in progress. >> speaker ban boehner says he s waiting to hear more from you. >> merry christmas. >> bret:...
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after what wired dubbed map map the hawk the libs or its disaster of a map app on the i phone five google mountain is back we'll discuss in loose change let's get to today's capital account. all right let's back up a little bit in late two thousand and ten it was prominent banking analyst meredith whitney is a big call. there's not a doubt in my mind that you will see a spate of municipal bond evolves how many is a spate you could see fifty sizeable defaults fifty to one hundred sizeable default more this woman out to hundreds of billions of dollars worth of defaults it will be something to worry about within the next twelve months. ok now it failed to play out as she seemed to indicate it would over the following year in turn pretty much ever since we have seen a spate of headlines similar to this murder of whitney unocal was one hundred percent wrong according to a bond pro there however between two thousand and ten and now we have seen cities and counties run into trouble and in some cases file for bankruptcy they reportedly have included san bernardino mammoth lakes both in california
after what wired dubbed map map the hawk the libs or its disaster of a map app on the i phone five google mountain is back we'll discuss in loose change let's get to today's capital account. all right let's back up a little bit in late two thousand and ten it was prominent banking analyst meredith whitney is a big call. there's not a doubt in my mind that you will see a spate of municipal bond evolves how many is a spate you could see fifty sizeable defaults fifty to one hundred sizeable...
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where is the stock of apple-- google-- >> we're watching both, google is higher. what's the story, stuart? what do you think? is it that apple iphone users are finally happy because they've been so annoyed with the new map service at apple, it stinks and happy to get it. stuart: and i think that-- >> is it that they're crawling back to google. stuart: no, no, i think the story is google is socking it to apple and say, hey, we've got an app and put it on the ipad and ipad mini through apple. go away apple maps, it's poi pointless. >> the google guys must be running around the offices with confetti and horns and saying, yes! you couldn't do it without us. stuart: that's exactly right. >> and that's what they're doing over there at google. stuart: that's right, so google is up and apple i think is barely holding its own, i think it's down at the moment. >> it is down 1%. stuart: we've been questioning whether apple is still cool and we'll keep questioning. nicole, thank you very much indeed. again this thursday morning, i've got to tell you it's a dead flat market. l
where is the stock of apple-- google-- >> we're watching both, google is higher. what's the story, stuart? what do you think? is it that apple iphone users are finally happy because they've been so annoyed with the new map service at apple, it stinks and happy to get it. stuart: and i think that-- >> is it that they're crawling back to google. stuart: no, no, i think the story is google is socking it to apple and say, hey, we've got an app and put it on the ipad and ipad mini...
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predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> jerry brown announcing he is undergoing treatment for prostate cancer. doctors caught it early and said the prognosis is excellent. the 74 year old still working a full schedule . and santa claus, snuffed out. a canadian author editing out santa's pipe smoking habit in the new pc version of twas the night before christmas and thinks it will stop kids from smoking. >> brian: you know the song days of christmas but vuheard the version. ♪ in my fourth look at spending and governments at ease. ♪ ♪ >> brian: our next guest put his own spin on the classic and highlighting all the ways that government spent your money. he is a senior producer in the news. where duget this idea. >> we covered a lot of government spending and i thought we could put a different spin on it . bring information on to it. kind of a new twist and luckily i found topicings and grants that fit the topics of the song . asked folks to help me sing
predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> jerry brown announcing he is undergoing treatment for prostate cancer. doctors caught it early and said the prognosis is excellent. the 74 year old still working a full schedule . and santa claus, snuffed out. a canadian author editing out santa's pipe smoking habit in the new pc version of twas the night before christmas and thinks it will...
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predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. >>> we are back with tonight's outer circle, where we reach out to our sources all around the world. and we want to start in sudan's darfur region. that's where the government officials there say that a captured vulture is part of an israeli spy mission. nema al bagger is following the story for us. and i asked her, just what evidence
predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for...
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. >> greta: look at google, perfectly lawferl. they did tax avoidance and managed to do that in bermuda. they saved $2 billion. but this whole idea of tax -- you hear so much from the members of congress and the president, you know, going on for decades that woo need tax reform. then we hear stories like tonight, where 17 senator who is voted for obamacare are now asking for specific tax relief in obamacare for a special interest, which happens to be medical devices. so i mean, the game goes on and on and on, this tax game. we never have a sense of, you know, trying to reform it and making it a good solution for our country. >> sure. yet the impact keeps happening. new jersey increased its rate and lost 25,000 residents by 2011 and $150 million in tax revenue. it gained some on the other side. maryland raised their top rate almost 10% n2008, they had 3,000 people who filed over $1 million and a year later, only 2 ,000, down 50%. the problem here is, if you just keep trying to soak the rich fwe tax american millionaires at 100%, ha
. >> greta: look at google, perfectly lawferl. they did tax avoidance and managed to do that in bermuda. they saved $2 billion. but this whole idea of tax -- you hear so much from the members of congress and the president, you know, going on for decades that woo need tax reform. then we hear stories like tonight, where 17 senator who is voted for obamacare are now asking for specific tax relief in obamacare for a special interest, which happens to be medical devices. so i mean, the game...
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google is investing in stem education to see what we can do better. the big frustration, when we talk about education and many of the other social problems, when you see that there has been such a dramatic technological change and yet we have not really done anything to increase our education system. are there ways we can do things a little differently, particularly in the pre-k troops elementary school so we can see if we can use these on- line resources to reach more kids, to get them to think beyond, to do the type of things you are talking about, to introduce them to world beyond our borders. -- pre-k through eighth grade. to cut some of the costs by allowing kids to enter world's and drums that they never had been allowed to enter before through technology. i think we need to really spend more time figuring out how we have changed that paradigm, particularly for the pre-k high school, but even in college. how can we learn better, based on what we know today. >> steven moore before we open it up to question. glenn mentioned corporate tax reform ea
google is investing in stem education to see what we can do better. the big frustration, when we talk about education and many of the other social problems, when you see that there has been such a dramatic technological change and yet we have not really done anything to increase our education system. are there ways we can do things a little differently, particularly in the pre-k troops elementary school so we can see if we can use these on- line resources to reach more kids, to get them to...
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predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >> bill: second personal story segment. the most fascinating people of 2012, according to barbara walters, her yearly subject airs tonight on abc. here is a list. hillary clinton, ben affleck, seth mcfar land, chris christie, honey boo boo, author e.l. james, gabby douglas, and the pop group, one direction. here now barbara walters. so who gave you the best sound bite? >> i want to comment on something your people were just talking about. hillary clinton's going to run
predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [...
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predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> greta: if members of congress thought they were taking a long holiday break, they better think again. house mairment leader, eric kantor, warning lawmakers they will stay in washington until a fiscal deal is reached. allen west is here. before we get to the idea of staying in washington, you have said that negotiating with president obama is, to quote you, silly. >> i think when you look at what just happened today, the federal reserve will go into what is using -- >> greta: printing money. a fancy way to say it -- >> to the tune of $45 million a month foritous buy up our own treasury stocks. the argument is about $85 billion per year. when you put it thatn that context and understand that revenues have increased in the united states of america by 10% and spending by the for the government has increased 16% and we have a federal government spending 25s% of our gross domestic product, this is not a revenue issue, this i
predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> greta: if members of congress thought they were taking a long holiday break, they better think again. house mairment leader, eric kantor, warning lawmakers they will stay in washington until a fiscal deal is reached. allen west is here. before we get to the idea of staying in washington, you have said that negotiating with president obama is,...
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predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> bill: personal story segment, a brand-new feature, behind the scenes stuff concerning the most powerful people in america. i love this kind of thing. here are our spies in washington. kyle and james rosen. i asked you yesterday to find out what general petraeus and his paramore are doing after the fact. let's start with general petraeus. >> good evening. general petraeus, according to people i talked to, is gone to ground. he's hanging out at his northern virginia home, chiefly trying to repair his badly damaged marriage, which is set to be rough sledding for him at this point. he's communicating with the outside world through only a handful of people. he's cloysered around himself, interestingly, the people who were close to him during his iraq days, which predated the broadwell affair and he has jetsonned most of those close to him in the afghanistan period, which is when the affair happened. he has hired the super l
predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> bill: personal story segment, a brand-new feature, behind the scenes stuff concerning the most powerful people in america. i love this kind of thing. here are our spies in washington. kyle and james rosen. i asked you yesterday to find out what general petraeus and his paramore are doing after the fact. let's start with general petraeus....
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predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >>> tomorrow erin burnett out front is live from afghanistan. and she has a preview from the show. >> good evening. tomorrow we have a special report live out front, the future of afghanistan. daily life here is hectic. people, traffic, animals. everywhere you look there are armed men. the police are struggling to handle simple things. will they be ready when the troops leave? we are trying to get
predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >>> tomorrow erin burnett out front is live from afghanistan. and she has a preview from the show. >> good evening. tomorrow we have a special report live out front, the future of afghanistan. daily life here is hectic. people, traffic, animals. everywhere you look there are armed men. the police are struggling to handle simple things....
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yahoo may fall to no. 3 in the word and company is hoping to regain some ground on google g mail that is no. 1. and last call for twinkie. final shipment of the hostess cream cake arrived in chicago today and sold out in no time. a rush on hostess product since the company announced it would liquidate an close over labor dispute with its workers. >>> well now to land deal that is 14 years in the making. today the sonoma county board of supervisors unanimously authorized the use of 1.8 million dollars in open space funds to purchase 199 acres top fits mountain in healed burg. the city council there approved it last night this site will be future park or hiking and biking. spectacular as you see. it was acquired from a delaware base corporation. fits mountain is considered a local landmark in sonoma. >> well the new haven school unified school district is one of 16 nationwide to be award add federal race to the top grant. big honor. the district came in second in the nation and will receive more than 29 million dollars over the next 4 years. new haven won because of the district focus o
yahoo may fall to no. 3 in the word and company is hoping to regain some ground on google g mail that is no. 1. and last call for twinkie. final shipment of the hostess cream cake arrived in chicago today and sold out in no time. a rush on hostess product since the company announced it would liquidate an close over labor dispute with its workers. >>> well now to land deal that is 14 years in the making. today the sonoma county board of supervisors unanimously authorized the use of 1.8...
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it's the company's attempt to regain some of the ground lost to google. the company is hoping to cater to the growing audience who check their email on smartphones and tablet computers. yahoo also introduced mobile apps for the i-phone, i-pad and devices powered by microsoft's recently released windows 8 system. hear what the 49ers are saying about the big match up against new england. and the bounty suspensions against the new england since are going to throw those out or to mark those coming up. against the new orleans saints bounty charges? >>jacqueline: the rainfall is going to continue with shower and a blast of cold arctic air. temperatures only in the 50s tomorrow afternoon. thursday, we are talking 30's. and it's even 20's possible. it is going to be cool thursday toward what we can see is scattered to the north bay. and as it goes towards the south is breaking apart. from one band to areas of patchy rain. spotty showers and also indicating that we're going to see showers tomorrow. it is extensive and has this look at futurecast. continuing by 1:0
it's the company's attempt to regain some of the ground lost to google. the company is hoping to cater to the growing audience who check their email on smartphones and tablet computers. yahoo also introduced mobile apps for the i-phone, i-pad and devices powered by microsoft's recently released windows 8 system. hear what the 49ers are saying about the big match up against new england. and the bounty suspensions against the new england since are going to throw those out or to mark those coming...
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remember, i hope you'll follow me on twitter and google plus. stay with cnbc, because "fast money" begins right now. see you back in new york tomorrow. >> and this is mission krill call, rise above washington, d.c. we're going to get to "fast money" in just a moment. but we've got to talk about what is going on here. you just heard maria's observation. she is not confident that a deal will get done. sadly, i feel the same way. especially after speaking with numerous lawmakers today. everybody seems very firmly entrenched, although eamon with the news just a moment ago that john boehner has indeed sent the president a counter offer, though republicans, to a man, complained today that they do not know what cuts the democrats would like to make. senator harry reid coming out earlier today, saying, we're not going to offer up any cuts. we want the gop to put their cuts on the table. it is clear it is a game of finger pointing, which party is going to be made to look like the bad guys, because somebody's going to have to tell somebody no. that is cer
remember, i hope you'll follow me on twitter and google plus. stay with cnbc, because "fast money" begins right now. see you back in new york tomorrow. >> and this is mission krill call, rise above washington, d.c. we're going to get to "fast money" in just a moment. but we've got to talk about what is going on here. you just heard maria's observation. she is not confident that a deal will get done. sadly, i feel the same way. especially after speaking with numerous...
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. >>> next, do you google? do you have an offshore tax shelter? why your favorite search engine might be the place to learn about america's true welfare state. stay with us. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. why your favorite search engine why your favorite search engine [ woman ] dear cat, your hair mixes with pollen and dust. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't h
. >>> next, do you google? do you have an offshore tax shelter? why your favorite search engine might be the place to learn about america's true welfare state. stay with us. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ]...
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predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. this season, discover aleve. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> this just coming into "the situation room." dan lottian is reporting that the president of the united states and the house speaker spoke on the phone just a little while ago after house republican leaders sent over a counteroffer to the white house on the fiscal cliff negotiations. we don't know what's in the counteroffer. we don't know what president obama and john boehner actually discussed. we only
predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. this season, discover aleve. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching...
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once before you actually believe tax avoid it's ok to legally tell you what starbucks and amazon and google have been doing is ok's that you're saying there's a difference between tax avoidance and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax payers they're profiting from surf r.t. london. excuse for a jailed human rights activist in bahrain tonight leading campaign in his prison term cut from three to two years on appeal. but there's been widespread calls for his release following his conviction in august for organizing illegal gatherings and inciting violence international pressure is mounting on the monarchy to stop persecuting political activists i spoke to had a over salaries of from a bahraini m.p. and human rights activist in manama he says the sentence was reduced to appease the international rights groups. unfortunately we hear toda
once before you actually believe tax avoid it's ok to legally tell you what starbucks and amazon and google have been doing is ok's that you're saying there's a difference between tax avoidance and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax...
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particularly here at google. we look at what -- web presence can do for a start-up as they increase their potential not only throughout this country but throughout the world. in terms of global exporting. their ideas and their innovations. those regulatory barriers have such a depressing impact on their abilities to get the job done. that is something government can do that doesn't really have any impact in terms of the cost, but can really produce benefits in terms of additional economic -- >> let me fill in the blanks. once we get to this fiscal cliff, there is a very clear innovation agenda that is in front of us. and the condition i think we will have the conditions as a result of the fiscal cliff being behind us and the election turning out the way it did to get at that. the first one i hope will be immigration where we'll create an ability to solve all the whole immigration problem, not just a piece that relates to technology companies, a lot of people say how are we going to compete with china with 1.3 bil
particularly here at google. we look at what -- web presence can do for a start-up as they increase their potential not only throughout this country but throughout the world. in terms of global exporting. their ideas and their innovations. those regulatory barriers have such a depressing impact on their abilities to get the job done. that is something government can do that doesn't really have any impact in terms of the cost, but can really produce benefits in terms of additional economic --...
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people for all of them not to come to this country because companies like starbucks and airplane google at the moment it's really part of a much larger picture welcome to the world of tax avoidance illegal but morally suspect way the companies and the wealthy have been dodging paying their fair share most people are due to discuss these companies do not evade taxation which is a criminal offense but are void taxation basically use existing facilities and legal loopholes in the different regulation and taxation between different countries to their advantage companies like amazon they head office is based in luxemburg which they claim is the center of the economic operations which is handy as luxembourg the well known tax haven where companies can enjoy a low tax rate but hang on a minute we're here at one of amundsen's much of this to be sentences based in the u.k. in fact the reality is that many of our customers to their employees and many will distribution centers like this why are in fact based here in the united kingdom so it's not hard to see that the relatively small luxembourg of
people for all of them not to come to this country because companies like starbucks and airplane google at the moment it's really part of a much larger picture welcome to the world of tax avoidance illegal but morally suspect way the companies and the wealthy have been dodging paying their fair share most people are due to discuss these companies do not evade taxation which is a criminal offense but are void taxation basically use existing facilities and legal loopholes in the different...
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the question once before you actually interact tax avoid is ok to legally starbucks and amazon and google have been doing is ok's that you're saying there's a difference between tax avoidance and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax payers they're profiting from sarah firth r.t. london. bahrain's leading human rights activists is staying behind bars but nothing about jobs got a three year sentence reduced on appeal despite international pressure on the mall . he to stop persecuting political activists we talk more about that but later the story of an american woman who was forcibly sterilized as a teenager is part of a government program to build a so-called healthy nation as a couple of the many and very stories we got ahead of this. an artist was arrested for putting up posters critical of drone usage all over new york city the p
the question once before you actually interact tax avoid is ok to legally starbucks and amazon and google have been doing is ok's that you're saying there's a difference between tax avoidance and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax...
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google at 64%. that's important to note. the reason why these companies have so much cash overseas is that they've been global growth stories. when microsoft sells product overseas the proceeds go into accounts over there. don't come to the u.s. unless microsoft needs to buy something here. you can see it plays out in a company like apple, too, where international launches and international retail expansion have become far more important than the u.s. where growth is concerned. just five years ago apple had 58% of its cash in the u.s. this is actually a big issue for a company like cisco where john chambers has been very straightforward about saying if the federal government lets us repay treeuate this cash, bring it to the u.s. without a big penalty, we'll use it to hire and grow in this country. if not we'll hire less and, by the way, keep making bigger overseas acquisitions, too. all of this gets a bit dicier when you consider a lot of u.s. companies have gotten pretty good at avoiding tax on international sales by using
google at 64%. that's important to note. the reason why these companies have so much cash overseas is that they've been global growth stories. when microsoft sells product overseas the proceeds go into accounts over there. don't come to the u.s. unless microsoft needs to buy something here. you can see it plays out in a company like apple, too, where international launches and international retail expansion have become far more important than the u.s. where growth is concerned. just five years...
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google dodging two billion in taxings. bloomburg news reports that the company funneled nearly 10 billion in ref new in a bermuda shell company last year cutting its tax rate in half. bermuda has no corporate income tax. google. eric back to you. >> eric: thank you, steve . open the pages of the washington post you will see america rich want to pay more taxings. of course you are one of the wealthy people who own the post. they are being spared. they will pay 2012 and 13 dividends early just in case taxes go up. fox news contractor is the founder of the -- it is not just the post but companies are pushing dividends forward saying let's get in front of the fiscal cliff thing it is interesting that the post is one of them. >> they spent the year agitating for barack obama and arguing that the rest of the us ought to pay taxs and spending money trying to avoid doing that. it is not just the post but also individuals. we sent a camera with the patriotic millionaires. rich people who are up there lobbying for higher taxes on th
google dodging two billion in taxings. bloomburg news reports that the company funneled nearly 10 billion in ref new in a bermuda shell company last year cutting its tax rate in half. bermuda has no corporate income tax. google. eric back to you. >> eric: thank you, steve . open the pages of the washington post you will see america rich want to pay more taxings. of course you are one of the wealthy people who own the post. they are being spared. they will pay 2012 and 13 dividends early...
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let's take a look at google. now this is fascinating tax avoidance. you can name so many companies that do this. bloomberg wrote this story about google as an example of how they do this. google avoided $2 billion in worldwide income taxes by 2011 by shifting $9.8 billion in revenues to a bermuda shell company. they do things like the double irish and the dutch sandwich, which sounds like a different kind of sandwich to me because we're going to have to eat those taxes. if we lived in a real democracy do you think people would let corporations like google shift $9.8 million in taxes away from us or $2 billion in taxes all over the world away from themselves an on to us? that wouldn't happen in a democracy. but in our form of government the people who are served, the people who are represented are the one who is are the largest donors. if you look at how much google gave president obama as an example they gave $737,055. they were his third largest donor. weird how they get to get away with all those tax avoidance schemes. of course, they're not the onl
let's take a look at google. now this is fascinating tax avoidance. you can name so many companies that do this. bloomberg wrote this story about google as an example of how they do this. google avoided $2 billion in worldwide income taxes by 2011 by shifting $9.8 billion in revenues to a bermuda shell company. they do things like the double irish and the dutch sandwich, which sounds like a different kind of sandwich to me because we're going to have to eat those taxes. if we lived in a real...
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starbucks and amazon and google have been doing is ok's that you say i said there's a difference between tax avoiders and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax payers they're profiting from sarah firth r.t. london. also ahead for you this hour security tightens in egypt as law protests new supporters are nothing and so president mohamed morsi are said to confront each other again as the nation ready for a referendum on the job constitution plus. he says well. he won't have no bread. i said way way to maybe one day you mean. he's saying he will never hand and true. blood from having a baby we see if the victims of the usa jennings program have any chance of having their personal tragedies recognize this story and much more after a short break. an artist was arrested for putting up posters critical of drone usage all over new york ci
starbucks and amazon and google have been doing is ok's that you say i said there's a difference between tax avoiders and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax payers they're profiting from sarah firth r.t. london. also ahead for you this...
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she runs google's washington office. she's always been on the cutting edge of things that really matter. let me start off by saying i do not think there is an anti- innovation caucus. i do not think there is anybody who is opposed to innovation. it is a little bit like apple pie or rg3. let me ask you all to describe what we really mean by innovation. what are the two or three priorities we ought to really be talking about? glenn? >> let's start on that side. >> i thought you'd start on that side. >> i go to my right first. >> there are three types of innovation. this is from the business perspective, our world. one is scientific innovation that allows the second innovation which is the technology innovation, to take the underlying discovery and commercialize its, turning it into a product that can be used for consumer customers. what is equally important is how you can then take a discovery, it turned into a technology, and you can deliver it in a way that allows you to build a business that gets you a margin that can s
she runs google's washington office. she's always been on the cutting edge of things that really matter. let me start off by saying i do not think there is an anti- innovation caucus. i do not think there is anybody who is opposed to innovation. it is a little bit like apple pie or rg3. let me ask you all to describe what we really mean by innovation. what are the two or three priorities we ought to really be talking about? glenn? >> let's start on that side. >> i thought you'd...
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you suggest people google your name, and what's going to come up? >> absolutely. it's a double standard. i don't think hear from the congressional blackhawk caucus, jesse jackson, al sharpton, because it is a double standard. if you're not lockstep with that mind-set, you're different. >> sean: this is selective moral outrage. they don't care when they hear things -- >> i'm a liberal, and i get it from both sides. i watched the "saturday night live" monologue of jamie foxx. he was doing a spoof on how black is that. it reminded me of tomfoolery indaba fo forbafoonerery. in "living color" they spoofed races, stereotypes. they always play on stereotypes. that's what "saturday night live" does. they do it for blacks and no whites, but jamie foxx goes too far and says what he says on your tape, and that is that barack obama, you know, the lord and savior, if that's not blasphemy, forget about it, but one more thing about that, if he believes that, that's jamie foxx, but if ego statistical obama believes that, he can change his name from barack hussein obama to barack
you suggest people google your name, and what's going to come up? >> absolutely. it's a double standard. i don't think hear from the congressional blackhawk caucus, jesse jackson, al sharpton, because it is a double standard. if you're not lockstep with that mind-set, you're different. >> sean: this is selective moral outrage. they don't care when they hear things -- >> i'm a liberal, and i get it from both sides. i watched the "saturday night live" monologue of...
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many users reported problems with a slew of services.chrome, google drive and google calendar all went down today. all services have since been restored. >> many children have listed a tablet or smartphone on their wish list this holiday season. the federal trade commission is reminding parents about apps that collect kids' personal data. karin caifa has the details. >> its talbots and smart phones are hot items. if they will be receiving a mobile device for the first time in. with more attacks savvy kids the apps designed just for them has grown. parents should be mindful of collected data. even if it is still issued as " children from a. >> the ftc saying that apps aimed at c children and what types of data i used they decide find that 60 percent is transforming information from the mobile device back to the developer or a third- party like an advertiser. one in five would disclose disinformation about privacy practices. the ftc is assigned to use the child's epps, first. they are advising to use the child- download applications, first. and you can even use parental controls. if they
many users reported problems with a slew of services.chrome, google drive and google calendar all went down today. all services have since been restored. >> many children have listed a tablet or smartphone on their wish list this holiday season. the federal trade commission is reminding parents about apps that collect kids' personal data. karin caifa has the details. >> its talbots and smart phones are hot items. if they will be receiving a mobile device for the first time in. with...
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google is spending a significant amount of money to see we can do better. what the big frustration is what we talk about education but many of the other social problems that we talked about, when you see that there is such a dramatic technological change and we have not done anything to abandon our educational system. we can see is their ways that we can use these ongoing on-line resources to reach kids and get them to think beyond, to do that type was of things to introduce them to worlds beyond our borders. there are opportunities to shake things up and to cut some of the costs by allowing kids to enter world's and realms of the have never been allowed to enter before through technology and we need to spend more time figuring out how we change that paradigm if we know it. particularly for the pre-k through high-school. how can we learn better based on what we know today? >> let me try two more before we open it up to questions. warren buffett says tax rates do not matter as much as a lot of people pretend when it comes to companies and investment and inno
google is spending a significant amount of money to see we can do better. what the big frustration is what we talk about education but many of the other social problems that we talked about, when you see that there is such a dramatic technological change and we have not done anything to abandon our educational system. we can see is their ways that we can use these ongoing on-line resources to reach kids and get them to think beyond, to do that type was of things to introduce them to worlds...
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google thing still going around the market. we read and respected in the tech world, give me a break. it'll never happen. but the stock did move friday on the news. a big move. now what is this stock up to. >> we don't talk about them much. the 12 month clinical trial of an experimental leukemia drug. >> nexen, again, a company we don't talk much about, but what is up to? >> we don't talk about it much because it is canadian. don't know if you hate it canada like you do american. but a big energy company. here is the deal. people got outraged, just like we are facing here. oh, can't let chinese buy our energy property, terrorism, blah blah blah. guess what? they are allowing the deal to go through. other companies are falling because they may impart new rules. saying we don't know if theant prices can by our energy companies. does that sound familiar in any way? >> this is the is the version of -- >> i don't hate canadians. why do you? >> i don't hate canadians. i hate everybody. i'm kidding. >> now getting cheaper by the minut
google thing still going around the market. we read and respected in the tech world, give me a break. it'll never happen. but the stock did move friday on the news. a big move. now what is this stock up to. >> we don't talk about them much. the 12 month clinical trial of an experimental leukemia drug. >> nexen, again, a company we don't talk much about, but what is up to? >> we don't talk about it much because it is canadian. don't know if you hate it canada like you do...
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but friday they soared on rumors involving google. right now, groupon is giving back a lot of that gain. down almost 8 1/4%. what is going on? >> well, google might be interested in buying groupon. we are seeing gains given back today because a report came out from evercorps, an analyst, saying that he saw no basis to these reports and sees no reason why google would want to buy groupon. so looks like stocks are coming back to earth. there are concerns about its fundamental business model as it tries to expand beyond the deal a day business, that's its core business. >> julia, thank you very much. >>> google stashing billions in off-shore accounts to save a few bucks in taxes and what the deal with jc penney? are they having deals or not? we will discuss it more when we come back. stay with us. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't n
but friday they soared on rumors involving google. right now, groupon is giving back a lot of that gain. down almost 8 1/4%. what is going on? >> well, google might be interested in buying groupon. we are seeing gains given back today because a report came out from evercorps, an analyst, saying that he saw no basis to these reports and sees no reason why google would want to buy groupon. so looks like stocks are coming back to earth. there are concerns about its fundamental business model...
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we're experiencing issue with google services. for he everyone affected we apologize for any convenience you made may be experiencing. we'll post updates to the dashboard. the dashboard gone from ready to green indicating there were service disruptions. now everything seems to be looking good. that is the updated website there. people are really freaking out over this, lori and melissa because the know the service is subscribed to by 425 million people out there. mine was fine and other people's weren't okay. lori: do you buy the end of the world this mayan forecast? melissa: when does it actually happen? lori: the 21st. melissa: i think more likely to happen on 12/12/12. lori: you have power to change it. melissa: things are heating up when it comes to solar, not a good way. many in california are wondering where is all the promised job creation??3 where is all the revenue? fox's william la jeunesse in los angeles with the latest. >> california utilities must get 20% of the their power from renewables. state and federal handouts
we're experiencing issue with google services. for he everyone affected we apologize for any convenience you made may be experiencing. we'll post updates to the dashboard. the dashboard gone from ready to green indicating there were service disruptions. now everything seems to be looking good. that is the updated website there. people are really freaking out over this, lori and melissa because the know the service is subscribed to by 425 million people out there. mine was fine and other...
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google it. i mean, actually, don't. just trust me. he did something he shouldn't have done according to some lady. >>> well, moving on, some of our top intelligence analysts are today warning that the u.s. is about to lose its status as the world's only surpower. ambassador john bolton's here live to weigh in next on who, if not us? >>> plus, we've got ann a groupf chrysler workers who got national attention two years ago when a tv news crew caught them on tape drinking and getting high on their lunch breaks from a rather important job, making your cars. >> you know, the government spent a lot of money bailing you guys out, and you're coming out here on your lunch. break drinking like this? where are you guys going, man? [ loud party sounds ] hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've gotine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. >> it is a far-flung and testing operation but the u.s. navy is han
google it. i mean, actually, don't. just trust me. he did something he shouldn't have done according to some lady. >>> well, moving on, some of our top intelligence analysts are today warning that the u.s. is about to lose its status as the world's only surpower. ambassador john bolton's here live to weigh in next on who, if not us? >>> plus, we've got ann a groupf chrysler workers who got national attention two years ago when a tv news crew caught them on tape drinking and...
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basic science innovation, technology innovation -- google is a good example. one anecdote -- i was on the board of a company that had about $13 billion in revenue. 90% came from products that were 120 days or less old. they had to reinvent nearly $13 billion of revenue. these are incremental invention, and understood technology. basically the file cabinets on any technological advice you have. that innovation has to come at all three levels inside that business on a continual basis for it to continue to deliver. one of the major reasons why these devices -- two major reasons they are so powerful is because of the processors and storage. so by the way, in storage, the rate of changes is double every nine months. the point is, in that technology world, you have to think about the company's producing innovation to stay ahead of the curve. >> now that they have an out, it to look at it. >> i don't know how to innovate. what strikes me about innovation, and this is something he gave us an example of a few minutes ago -- retroviruses -- retroviruses as part of the t
basic science innovation, technology innovation -- google is a good example. one anecdote -- i was on the board of a company that had about $13 billion in revenue. 90% came from products that were 120 days or less old. they had to reinvent nearly $13 billion of revenue. these are incremental invention, and understood technology. basically the file cabinets on any technological advice you have. that innovation has to come at all three levels inside that business on a continual basis for it to...
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he is a former google guys. good to see you. >> hello. thank you for having me spew forth the top tax rate in the country will now be in the state of california, assuming we go back to the 39.6% rate. it is retroactive to the beginning of the year. how crazy is that? >> it is, i think, it is very unusual. it is the first time i have ever seen a retroactive tax. one of the things i think was really surprising to me and a lot of my friends is it really was not described that way in the voter guide which was sent to all of us. they neglected to mention the rector active portion of it. i think a lot of people were really surprised by that. so many businesses still get started in silicon valley because that is where the talent is. the regulation, state and higher taxes in the state do not matter. will this really start to hurt business formation there, do you think. >> i think that is a great question. it is about a 30% tax increase california has done is almost double the taxable gain great. i feel like california is an amazing place. the sil
he is a former google guys. good to see you. >> hello. thank you for having me spew forth the top tax rate in the country will now be in the state of california, assuming we go back to the 39.6% rate. it is retroactive to the beginning of the year. how crazy is that? >> it is, i think, it is very unusual. it is the first time i have ever seen a retroactive tax. one of the things i think was really surprising to me and a lot of my friends is it really was not described that way in...
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the workshop is 6 -- at 6:00 at google san francisco on spear street. you have to register in advance. >>> if you can't bike to work or school, you have to take a car, let's check in with sal. the east shore pretty crowded -- crowded? >> it is. you can see it's heavy here westbound. that's kind of a long line getting to the bay bridge. we had several stalled cars. kind of a bad morning for the bridge. not a lot of accidents but just broken down cars on that span. now here we are looking at a huge toll plaza delay of 40 minutes before you make it unless you are in the carpool lane, it will be 40 gets getting to the bay bridge. 580 is backed up as well. you need to give yourself extra time or consider public transportation. we're looking at the nimitz freeway. some people may want to think about the san mateo bridge. but getting to it will be she and it stays with you all the way down to fremont. 101 looks decent. 101 northbound and southbound, getting up and down the peninsula. let's go to steve. >>> thank you, sir. for some, cold, patchy fog. fairfield,
the workshop is 6 -- at 6:00 at google san francisco on spear street. you have to register in advance. >>> if you can't bike to work or school, you have to take a car, let's check in with sal. the east shore pretty crowded -- crowded? >> it is. you can see it's heavy here westbound. that's kind of a long line getting to the bay bridge. we had several stalled cars. kind of a bad morning for the bridge. not a lot of accidents but just broken down cars on that span. now here we are...
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google, how far is earth to the moon? the moon is 238,900 miles... "the great moment had come." 3, 2, 1... [ giggling ] >>> this is a cbs 5 eyewitness news morning update. >>> hi everyone and good morning, 8:25 your time. i'm frank mallicoat with your news headlines. rescue teams are searching for a 77-year-old man, philip maddingly had been called to service a boat. and his family says henner came home. he's 6-foot tall, about 200 pounds and surgery scars on his left arm. >>> san jose residents will have one chance to voice their opinion about the city's next police chief. the last of four meetings set to go off at the south side community center. the next police chief will probably come from outside the city. no one within the department has applied for the job. >>> and the bay bridge toll plaza is getting a new look starting tonight. caltrans plans to spend 6 1/2 million dollars to give the toll plaza a facelift and it will be done in the overnight hours in the next six months. got your traffic and weather coming up after the break. ,,,,,,,,,, >>>
google, how far is earth to the moon? the moon is 238,900 miles... "the great moment had come." 3, 2, 1... [ giggling ] >>> this is a cbs 5 eyewitness news morning update. >>> hi everyone and good morning, 8:25 your time. i'm frank mallicoat with your news headlines. rescue teams are searching for a 77-year-old man, philip maddingly had been called to service a boat. and his family says henner came home. he's 6-foot tall, about 200 pounds and surgery scars on his...